Economic zone authority is to get Tk365 crore from a public limited company under the Ministry of Finance for Shreehatta Economic Zone's land acquisition.
In this regard a term loan facility signing ceremony was held between Bangladesh Economic Zones Authority (BEZA) and Bangladesh Infrastructure Finance Fund Limited (BIFFL) on Wednesday in the city.
Shreehatta Economic Zone possesses 352 acres of land including 112 acres khas land in Moulavibazar district.
Project Director (Joint Secretary) Md Harunur Rashid and BIFFL executive director and CEO SM Formanul Islam were present in the ceremony.
Paban Chowdhury, Executive Chairman (Secretary), of BEZA chaired the signing ceremony while among others Muhammad Abdus Samad ndc was also present.
BEZA was formed to facilitate development and operation of Economic Zones (EZs) throughout the county which is committed to attract Foreign Direct Investment (FDI), promote export and create employment through establishment of economic zones and making the zones as engines of economic growth for Bangladesh.
It targets to establish 100 EZs on30000 hectares of land in the next 15 years with the aim of employing 10 million people.
BEZA provides attractive multiple incentives to the developer as well as to the investors in its EZs. In the meantime, 37 economic zones have been selected for establishment.
With attractive and competitive incentives China, Japan and India are going to develop at least six economic zones in Chittagong, Dhaka, Mongla and Kushtia on government to government (G2G) basis.
A senior official in the BEZA said investors from Thailand, China, India, Japan, Canada, USA and EU countries are showing their interests to invest in the economic zones.
The BEZA in its development process has already acquired lands in Mongla EZ and four private EZs were given the pre-qualification licenses while another 10 EZ's offside development works are under process and hopefully the bidding process will be started within one year.